SEC’s Hester Peirce: Regulatory Ambiguity Means NFT Projects Must Be ‘Very Careful’

[Google News Bot]

The Securities and Exchange Commission may be poised to crack down on the multi-billion dollar NFT industry—but one of its own doesn’t believe the SEC should be so quick to bring down the hammer. The SEC, according to reports, is currently investigating Yuga Labs—the $4 billion company behind the Bored Ape Yacht Club—for securities violations. But the Commission has thus far issued zero statements regarding its position on NFTs specifically, leaving creators feeling uncertain and frustrated about how to navigate what they consider to be an ambiguous regulatory environment. And they ha ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.